What Happens with the National Debt
The Political Orphanage
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The Debt Is a Big Problem
The federal government spends about $400 billion every year on interest payments. The Congressional Budget Office estimates that interest payments will total 10.5 trillion over the next 10 years. That's three times larger than what we've historically spent on research and development, infrastructure and education combined. If you think any of those things are a better use of tax dollars than interest payments to bankers, the debt is a big problem.
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